U.S. stocks were set for a higher open Wednesday, as investors weigh political uncertainty in Greece against mixed earnings reports and housing data.
General Motors said Tuesday that it will stop paid advertising on Facebook.
They aren't selling like iPads or Hunger Games tickets, but global auto sales are enjoying a nice run. They have grown 18% since 2005 to more than 75 million cars and trucks, and Bank of America Merrill Lynch is expecting the industry to tack on another 3.9% increase this year.
Despite winning a trophy case worth of awards -- including Motor Trend Car of the Year and North American Car of the Year -- the Chevrolet Volt plug-in car has failed to meet GM's sales expectations.
General Motors and Chrysler Group are about to start selling full-size pickups that can seamlessly switch back and forth between natural gas and gasoline.
President Barack Obama said recently he'd buy a Chevrolet Volt after he left office "in five more years."
Consumers flocked to auto dealerships in February at the strongest pace in four years, hungry to buy fuel-efficient vehicles and to upgrade to newer trucks.
General Motors has announced an alliance with the French automaker PSA Peugeot Citroen which it says will save the automakers a combined $2 billion within five years.
Michigan primary day is finally here! And you don't need millions of dollars in super PAC contributions to state the obvious about the state's auto stocks. They are all big winners so far this year.
No one can be blamed for forgetting Big Trouble in Little China, the 1986 adventure-comedy flop starring Kurt Russell. But U.S. automakers may be starring in its soon-to-be panned sequel: Big Trouble in Big China, with Dan Akerson, Alan Mulally, and Sergio Marchionne in leading roles.
U.S. stocks closed more than 1% higher Thursday as positive domestic economic data comforted investors nervous about Greece's ability to secure a second bailout.
The debate over the 2009 federal bailout of the U.S. auto industry heated up this week, as General Motors reported a record profit.
General Motors reported a record annual profit Thursday, just two years after the nation's largest automaker emerged from bankruptcy with the help of a federal bailout.
General Motors has shifted its senior salaried workers away from a traditional pension plan to a 401(k) plan, said a company spokeswoman on Wednesday.
The dependability of cars is continuing to improve, according to a new survey by J.D. Power and Associates and domestic brands, in particular, are narrowing the gap in quality compared to the Japanese automakers.
Shares of General Motors and Ford surged on Friday following strong data on the U.S. job market.
General Motors is once again No. 1 in global auto sales, after three years out of the top spot.
It's been a long time since the Lincoln car brand has been a serious luxury contender, but Ford Motor Co. hopes to change that, starting with new the MKZ sedan, a preview of which was unveiled at the Detroit Auto Show.
As the 2012 Detroit Auto Show approaches, the American auto industry looks to be stronger than it has in many years.
All three U.S. automakers are on track to be profitable in 2011 when they report results in the coming weeks. That's something that hasn't happened since 2004.
Every year brings new uncertainties to the car business, and 2012 will be no different. The devil will be in the details. With the U.S. economy expanding, pent-up demand growing, and the Detroit Three earning, the survival of the industry is not in question so much as is its composition. Will buyers be looking for big trucks or small cars, import brands or domestics, gasoline-power or electricity?
The news that Saab Automobiles filed for bankruptcy has spurred the usual round of breast-beating, finger-pointing, and name calling.
American car buyers were out in force in November, with U.S. automakers leading the way to the best month for auto sales since 2009's "Cash for Clunkers" program.
General Motors admitted Thursday that it won't sell the 10,000 Chevrolet Volts that it had hoped to sell in 2011, and said that it would buy the plug-in electric car back from any customer fearful about its safety.
General Motors said Monday it will loan cars to any owner of its electric-powered Chevrolet Volt who is worried about the risk of a battery fire after a crash.
Taxpayers' stake in General Motors has taken a $5.7 billion hit since the automaker had its successful initial public offering exactly one year ago Friday.
In another sign of the turnaround of the U.S. auto industry, parts maker Delphi Automotive's initial public offering began trading Thursday, a little more than six years after it filed for bankruptcy protection.
For all the talk about the Detroit Three's big revival, October sales in two key segments --compacts and subcompacts -- show that imports still reign supreme.
Federal safety regulators are investigating the safety of lithium-ion batteries after a fire started in the battery pack of a Chevrolet Volt three weeks after the vehicle went through a crash test.
FORTUNE -- Among the many reasons for the collapse of the old General Motors was its chronic inability to field a competitive small car in the U.S. Now, stunning sales of its Chevrolet Cruze show that post-bankruptcy GM is a very different company than it once was.
In Wednesday night's Republican presidential debate in Rochester, Michigan, former Massachusetts Gov. Mitt Romney said the federal government played too much of a role in saving automakers General Motors and Chrysler.
General Motors posted better-than-expected earnings in the third quarter, but CEO Dan Akerson said the quarter "isn't good enough," signaling more cost cutting could lay ahead.
Most major automakers reported sales gains in October, although the increases were a bit softer than hoped for ahead of Tuesday's sales reports.
General Motors, maker of the Chevy Volt plug-in hybrid, will sell a small totally electric car beginning in 2013, the automaker announced Wednesday.
General Motors will unveil the most powerful convertible Chevrolet has ever made at the Los Angeles Auto Show in November.
When the 2011 model year came to a close at the end of September, the Detroit Three had much to congratulate itself for.
Major U.S. automakers posted sales increases in September, in some cases even better than analysts had predicted. Some of the biggest gains came from SUVs and compact cars as buyers who had been putting off purchasing a new vehicle finally re-entered the market.
General Motors insists it will sell 10,000 Chevrolet Volts in the U.S. by the end of this year, but as of now, the numbers don't look good.
General Motors will create or retain 6,400 jobs at U.S. plants as part of a new labor agreement with the United Auto Workers union.
General Motors and the United Auto Workers union reached a tentative agreement on a new labor deal late Friday, the first since the federal bailout and bankruptcy at the company two years ago.
The United Auto Workers union and the nation's major automakers failed to reach a deal on a new contract on deadline, although workers remain on the job Thursday while negotiations continue.
The United Auto Workers union and the Big Three automakers are at the bargaining table this week, trying to write the final chapter in Detroit's turnaround.
Consumers shrugged off a slowing economy, plunging stock markets and even a hurricane to keep buying cars at a decent clip in August.
Stocks ended Thursday's session solidly lower, as weakness in financial shares offset a stronger-than-expected manufacturing report that initially eased some investor jitters.
The Obama administration's automotive task force did two favors for General Motors: It stripped away 100 years of accumulated obligations through bankruptcy, and it turned the company's management over to a team of Detroit outsiders who view the business with fresh eyes. Headed by chairman and CEO Dan Akerson, the new team has led GM to post solid financial results, gain market share, and strengthen its position in China. The company earned $5.4 billion in the first half of 2011, more than double 2010's $2.2 billion, and regained its title as the world's largest automaker. But to make the gains permanent, GM needs to stamp out a plodding, risk-averse, belt-and-suspenders culture and become opportunistic, flexible, and fast on its feet. That's not easy for this company. Following it for 34 years, I've watched many well-intended efforts to shake things up expire once they hit middle management. Like any bureaucracy, GM's vast army of white-collar workers (26,000 in 120 countries in
General Motors continued its turnaround as it posted big jumps in both quarterly sales and profit that were much better than expected.
U.S. automaker sales rose in July with Chrysler Group posting an especially strong, and unexpected, gain.
Including the $1.3 billion loss on its Chrysler investment, announced Thursday, the United States government has lost about $14 billion on the auto industry bail-out. All in all, it was a bargain.
U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.
Here's a fundamental question whose answer should generate case studies for a generation of business school students: How could one company -- General Motors -- meet disaster on one continent and achieve explosive growth on another at the very same time?
The similarity between the Chevrolet Corvette and the Chevrolet Volt isn't immediately obvious. It's revealed in the way General Motors has used a tried-and-true marketing ploy to score a home run.
To spur sales, General Motors is offering a year's worth of car insurance along with any new GM car purchased in the states of Washington or Oregon.
They are at it again -- the government and the automakers are trying to determine what's good for American car buyers. As usual, they have the right destination in mind, but they are heading in the wrong direction to get there.
The fireworks came early on Wall Street. Stocks started the second half of the year firing on all cylinders Friday, posting the strongest week in two years, as fresh data boosted investor optimism about the state of the economy.
General Motors is poised to recapture the title of world's largest automaker, a distinction it lost to rival Toyota Motor when global auto sales collapsed in 2008.
General Motors announced Friday a cheaper, stripped-down version of its Chevrolet Volt plug-in hybrid for the 2012 model year.
Chrysler Group sales bucked an industry slide last month as the automaker's redesigned models contributed to a 10% increase compared to last year.
The mystery shrouding Google's development of the driverless car slipped a bit earlier this month. Google, it was reported, is quietly lobbying the state of Nevada for legislation that would make it the first state where cars could be legally operated on public roads without someone's hand on the steering wheel
Pushing out CEOs at General Motors has become routine lately, with two incumbents having been displaced in the past two years.
General Motors will invest $2 billion across 17 auto plants in the United States in a move that's expected to save or create about 4,000 jobs, the automaker announced Tuesday.
The electric-powered Chevrolet Volt is averaging 1,000 miles on each tankful of gas, according to General Motors.
General Motors posted its best operating results in 11 years in the first quarter, lifted by a jump in sales and strong pricing.
Despite higher gas prices, auto sales rose in the Untied States in April, including a larger-than expected gain for General Motors.
Edward Whitacre, the former chief executive of General Motors, received over $5 million in total compensation for his nine months of service at the automaker last year.
updated: Tue Apr 19 2011 14:51:00
CNN's Eunice Yoon reports on why foreign carmakers are developing more Chinese brands.
It's hard to believe that it was only five months ago that General Motors made a triumphant return to the public markets.
Ford Motor Co. topped rival General Motors in U.S. sales in March, grabbing the No. 1 spot for the first time in nearly 13 years.
Small cars are the opening bet in becoming a truly global automaker -- and the Detroit Three have been bluffing for 40 years. They have promised to deliver a superior product again and again, but have never succeeded.
When the azaleas are blooming in Augusta, Georgia it's a sure sign that The Masters is nigh. Mercedes-Benz, as the elite golf tournament's automotive sponsor, sees no surer proof that it sits atop the world of luxury car brands, a perch once occupied by Cadillac.
General Motors is reopening its truck plant in Shreveport La. which was closed due to parts shortages caused by the Japan earthquake.
It's the mother of all corporate rivalries, bigger than Coke vs. Pepsi, older than Nike vs. Reebok, and more compelling than Pampers vs. Huggies. It's fought with billion-dollar budgets for new models and marketing, and it is subject to more ups and downs than the stock market.
Anyone who's been behind the wheel of a car in the last few months has experienced a sharp pain when it came time to pay the gas tab. Prices ranging from $3.75 to $4.00 per gallon are not uncommon these days. And according to the United States Department of Energy, consumer fuel prices on average in the U.S. are up 21.8% from one year ago.
General Motors has suspended production at a facility in Louisiana due to a shortage of parts stemming from the natural disaster in Japan, the automaker said Thursday.
General Motors chief financial officer Chris Liddell is leaving the company after just over a year on the job, a period in which the company returned to the public markets and put past accounting problems behind it.
Auto executives commonly refer to discount pricing of vehicles as an addiction: sure to bestow pleasurably higher sales volume, at least for awhile, but difficult to kick and potentially destructive over time.
Rising gas prices did not keep Americans from buying large pickups and SUVs in February, according to sales results from leading automakers.
General Motors on Thursday reported its first annual profit since 2004, capping an impressive turnaround by the once-troubled automaker.
General Motors will pay bonuses of at least $4,000 each to its factory workers -- by far the largest bonuses the automaker has ever paid its blue-collar employees.
General Motors, the same automaker that's been winning awards with the gasoline-optional Chevrolet Volt, is clearly going after the fossil-fuel crowd with a 550-horsepower version of its Camaro performance coupe unveiled at the Chicago Auto Show Wednesday.
Unnoticed and reported in last month's management changes at General Motors were two important direct reports that were assigned to vice chairman Steve Girsky. The new responsibility makes Girsky GM's second most powerful executive and solidifies his unique position in the corporate hierarchy.
American cars took the lead in boosting sales last year at AutoNation, the country's largest network of auto dealers.
The nation's automakers posted double-digit percentage sales gains for January on Tuesday, as Americans appear to be returning to showrooms after a long hiatus.
The Volt has won nearly every major award offered and stirred up tons of interest, but one criticism persists: The price is way too high.
General Motors briefly passed rival Ford Motor in market value Monday, less than three months after GM's initial public offering.
Chrysler Group forecast it would return to profitability in 2011 after posting another net loss in the fourth quarter.
The Chevrolet Volt will be available in all 50 states by the end of this year, GM announced Thursday.
General Motors is adding a third-shift at its Flint, Mich., assembly plant. The shift addition will allow the company to hire back 750 workers to build its heavy-duty pickups, the company announced Monday.
General Motors promoted Mary Barra as its new head of product development, the first woman to hold that key position at a major automaker.
Autoworkers at General Motors and Ford Motor are about to get large profit-sharing checks that could shape the future of the auto industry. The management at those companies, as well as at Chrysler Group, wants the labor contracts due to be negotiated this fall to include bonuses tied to profits, vehicle quality and other performance measures, rather than straight wage increases. "I want to make sure we're paying our employees not for effort, but results and performance," said Mark Reuss, president of GM's North American unit, at the Detroit Auto Show here this week. "When we perform and we have good results, then every employee in this company ought to know that we're going to do good things for them on a pay basis."
More cars were sold in China last year than in any other country at any time in history. And industry officials only expect those sales to grow.
In yet another sign of its resurgence, General Motors will advertise on this year's Super Bowl telecast for the first time since 2008.
The plug-in Chevrolet Volt was named North American Car of the Year at the Detroit Auto Show on Monday.
It's conventional wisdom in the auto industry, but the rest of us may be a bit shocked to find out that cars of the future likely will drive themselves.
updated: Mon Jan 10 2011 05:57:00
Two wheels, battery operated and sometimes driverless, the GM EN-V rolled its wheels at CES 2011. CNN.com took a ride.
Perhaps more iconic U.S. companies should consider government-sponsored bankruptcies.
As the auto industry heads to the 2011 Detroit Auto Show next week, the home team may finally have something to cheer about.
General Motors' Buick division has long been known for big, cushy cars, but the automaker will reveal a new compact Buick at the 2011 Detroit Auto Show next week.
Most automakers ended a challenging 2010 with a strong sales month, raising hopes that the industry could be carrying some momentum into the new year.
After a tumultuous day, U.S. stocks ended mixed Tuesday, as investors mulled over reports on auto sales, factory orders and the Federal Reserve's December meeting.
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|